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BNS Split Corp. II Declares Quarterly Dividends

TORONTO, April 25 /CNW/ - The Board of Directors of BNS Split Corp. II
(the "Company") has declared today dividends of $0.2214 per Preferred Share
and $0.0790 per Capital Share, payable on June 22, 2007 to holders of record
at the close of business on June 15, 2007.
Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative distributions equal to $0.2214 per Preferred Share. The Company's
Capital Share dividend policy is to pay holders of Capital Shares quarterly
dividends in an amount equal to the dividends received by the Company on the
Bank of Nova Scotia common shares minus the distributions payable on the
Preferred Shares and all administrative and operating expenses.
BNS Split Corp. II is a mutual fund corporation created to hold a
portfolio of common shares of Bank of Nova Scotia. Capital Shares and
Preferred Shares of BNS Split Corp. II are listed for trading on The Toronto
Stock Exchange under the symbols BSC and BSC.PR.A respectively.
%SEDAR: 00022519E